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FOMC Minutes Preview: All Eyes On The Fed's Balance Sheet Discussion

Tyler Durden's Photo
by Tyler Durden
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In today's FOMC Minutes, focus will be on how divided the Committee is moving forward, and how split members are on the decision to cut rates at the October meeting. But the most important 

First, some background: as Newsquawk reminds us, the Fed cut rates by 25bps in the October meeting to 3.75-4.00%, with two dissenters: 1 hawkish (Schmid) and 1 dovish (Miran). Other non-voters have been out recently suggesting they did not support a cut.